Masan Group, a prominent conglomerate, announced a post-tax profit of VND946 billion ($38 million) for the second quarter, marking a 2.2-fold increase compared to the same period last year. This significant rise in profit was attributed to robust performance across its core businesses and a reduction in debts, as stated in their press release.
The company’s revenues grew by 8.2%, reaching VND20.1 trillion, with key subsidiaries demonstrating strong growth. Masan Consumer Corporation, known for its seasoning products and beverages, experienced a 14% increase in sales, totaling VND7.39 trillion.
Customers shop in a WIN retail store.
WinCommerce, the operator of Winmart retail stores, reported a 9.2% growth in revenues, amounting to VND7.84 trillion. This growth was driven by the introduction of new store formats such as WIN and Winmart+ Rural stores.
The group expanded its retail footprint, adding 40 new stores this year, bringing the total to 3,673 stores nationwide.
Phuc Long Heritage, a beverage chain under the group, saw its revenues rise by 5.3% to VND391 billion. Masan highlighted their cautious expansion strategy, with four new stores opened in the first half of this year, bringing the total number of Phuc Long stores to 163.
Masan’s strategic approach and steady growth across various sectors underscore its resilient performance in the market.
